Starting out with financing 5 - 10 in mind

[Josh Vernon]

Hello,

I currently live in the Portland Oregon area, and am planning to begin investing in out of state real estate in 2018.  Knowing that I want to be able to scale the business beyond 4 mortgages, is there anything that you would recommend doing at the start, to structure the business in a way that will make it easier to obtain future financing?

Some of the advice that I have heard is to keep the properties in the same geographic area to make it easier to obtain portfolio financing.  I am open to considering a lot of different regions, but are some better than others for obtaining financing?  For example, if Memphis has a lot of turn key activity, is there also a banking / financing scene in that same geographic area that caters to the industry?

Thanks,

Josh

[Dean Harris]

@Josh Vernon

Memphis has a ton of lending options. Smaller banks are what I have had success with. Also, Turn-Key properties aren’t the only option in Memphis. Be sure to source your properties well! There are many options in Memphis!